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Dairy Farmers Continue To Adapt To Renewable Energy

Posted by: Stearns Bank on Mar 13, 2020

Dairy farmers are finding new ways to run their business more efficiently with renewable energy technology that is making a difference in their pocketbook.

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Mutual Respect Creates Strong Financing Relationship For Landscaping Business

Posted by: Stearns Bank on Feb 07, 2019

The owners of Supreme Lawn and Landscaping in Waite Park were looking at switching financial institutions after becoming disenchanted with their bank.

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Used Equipment Offers Advantages For Diligent Buyers

Posted by: Stearns Bank on Jan 31, 2019

Whether bidding at a live or online auction, or visiting a local dealer, previously-owned equipment can be a big benefit for a small business owner.

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The Differences Between Equipment Finance Agreements And Simple Interest Loans

Posted by: Stearns Bank on Oct 05, 2018

Customers can be confused at times when trying to compare an EFA and a standard simple interest loan.

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The Basic Process To Apply For Equipment Financing

Posted by: Stearns Bank on Sep 27, 2018

Advice to prepare if you’re applying for equipment financing with a financial institution, especially buying equipment for your small business.

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Six Ways Seasonal Businesses Can Manage Their Cash Flow

Posted by: Stearns Bank on Aug 16, 2018

A small business may fail for many reasons – sluggish sales, start-up costs, competition. But the greatest challenge and cause of failure is cash flow.

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Six Industries That Can Benefit From Equipment Financing

Posted by: Stearns Bank on May 17, 2018

These six industries in particular can benefit from capital investment and equipment loans provided by a small business lender like Stearns Bank.

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Does Your Lender Offer Custom Payment Solutions?

Posted by: Stearns Bank on Mar 29, 2018

When a company finances an equipment purchase, the repayment schedule can be as important as any other factor.

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Tale of Two Farmers: Finance Equipment to Preserve LOC

Posted by: Stearns Bank on Mar 08, 2018

These stories show the importance of financing equipment purchases, while leaving LOC and cash for operational and personal expenses.

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